French bull run enters 10th day as Greek agreement lifts markets July 20, 2015 French stocks climbed for the 10th consecutive day yesterday. The Cac 40, a basket of stocks of the 40 biggest companies listed on the main Paris stock exchange, rose 0.35 per cent yesterday. But since 7 July it has climbed 11.68 per cent. A rise over the last 10 days during which markets were open [...]
Travelodge owners raise for sale sign after strong performance July 20, 2015 Travelodge has appointed Deutsche Bank to explore a sale of the business after it revealed a jump in half year revenues. The hotel company, co-owned by Goldman Sachs, GoldenTree Asset Management and Avenue Capital, was saved from the point of collapse in 2012 by the trio, who are now looking to exit their stake. A [...]
Taser takeover of UK body camera firm July 20, 2015 Taser, the US firm which makes the namesake devices used by law enforcement, has bought a British distributor of the non-lethal weapon. The Nasdaq-listed company has acquired Daventry-based Tactical Safety Responses, which distributes the Taser as well as body cameras in the UK, for a reported $4m (£2.5m).
Starwood sets sights on more lending power July 20, 2015 STARWOOD European Real Estate Finance yesterday launched a share placing with the aim of raising up to £15m in order to bolster its lending power. The bookbuild for the placing, which is being run by Dexion Capital, is expected to close at 3pm today. The global real estate firm said it “seeks to raise equity [...]
Who you backed for the £20 note July 20, 2015 ECONOMISTS’ icon Adam Smith is out, and 436 nominees are in. It’s time to decide who will be the face of the yuppie’s favourite party accessory; the rolled up £20. The theme this year is “visual arts”. While some names such as legendary director Alfred Hitchcock and children’s author Beatrix Potter easily fit the bill, [...]
Indonesian firm parks up at Alphabeta July 20, 2015 LYCRA-lovers of the Tech City can rest easy knowing their cycle-in reception area for creative types on bikes isn’t going anywhere, despite the Alphabeta building being sold yesterday. Indonesian firm Sinarmas Land nabbed the Finsbury Square site for £280m from Resolution Properties. Open Table and Maxus Global call it home.
WH Ireland confident as half year results see profits trebling July 20, 2015 Financial services firm WH Ireland said it is “cautiously optimistic” about the next six months of trading, after seeing operating profits almost treble since last year. The firm, which provides corporate broking and private wealth management services, said yesterday that group revenues climbed by nine per cent to £15.9m in the first half of 2015, [...]
City Moves for 21 July 2015 | Who’s switching jobs July 20, 2015 Legal & General Property Richard Poyser has been appointed leasing manager at Legal & General Investment Management’s real assets division, and will be responsible for its Bracknell Town Centre development. He joins from Argent and has also worked at Hammerson. The Channel Managing Agency The Lloyd’s managing agency responsible for running The Channel Syndicate has [...]
Best of the Brokers for 21 July 2015 July 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HALFORDS Cantor Fitzgerald reiterated its “hold” rating on the bike specialist, and said the firm has the potential to sustain retail sales growth above five per cent over the next three years, as well as delivering a 10 per cent retail trading margin. [...]
Stocks boosted by good news on Greek banks – London Report July 20, 2015 THE REOPENING of Greek banks, as well as positive broker sentiment on a few of the bigger names in the market helped to boost British stocks yesterday. The blue-chip FTSE 100 index closed up 0.2 per cent at 6,788.69 points after falling in the previous session. Shares in HSBC rose 1.1 per cent to 586.6 [...]
